If you’re from Georgia, you’d better be prepared for the possibility of paying additional premiums on your car insurance. According to an article on ajc.com, Georgia Insurance Commissioner John Oxendine is considering the addition of fees on car and other forms of insurance to support trauma care services for car accident victims and others. Oxendine says it’s because most trauma cases are a result of car crashes and work accidents. And since the state is desperately in need of more funding for trauma care services, they’re looking for someway to bring in revenues annually.
Insurance industry advocates naturally oppose this proposal. They argue that this would raise the costs and premiums of their products, as well as add new and unfair taxes to the industry. Since such fees are normally passed on to the consumers, it would be a double whammy for responsible citizens who religiously pay their taxes and get car insurance. Another burden is that the fee would not be specific to car insurance, but may also apply to health insurance and worker’s compensation.
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On choosing a car, one of the most important things to consider is the insurance–of course buying a new car is like an investment. Also, in purchasing insurance some factors would like the car’s safety rating, and the like.
First, do a research on cars that are specifically adapted to you needs and your budget before you make a decision on purchasing. Don’t just buy the car because of the brand or how good it looks, or even how low the gas mileage is. Consider the value of the car, and the features it has. For one, it has to be a safe car too, so better check its safety rating.
Don?t buy an expensive car unless you’re sure that you can make insurance payments regularly. Remember the insurance costs are commensurate to the value of the car. So this means the more expensive the car is, the higher the premiums for that car.
Also check online, or on newspapers for car deals. Of course, you shouldn’t just buy the cheapest or the lowest deal. Look for cars with the essential safety features and restraint systems, such as seat belts, airbags and such. Seatbelts should come standard in all cars. Secondary restraint and protection systems like air bags and side impact beams may not, though.
Let’s go back to 2004 and check out what happened same time that year:
Today, The Island Regulatory and Appeals Commission announced that its current review of auto insurance rates in the province is nearing completion. According to them out of the 31 insurance companies that have filed their rates, the Commission has completed its review of 21 and has authorized rate reductions that will take effect on April 1, 2004.
Maurice Rodgerson, Commission Chair said that they will complete its review of the remaining 10 filings within the next few weeks. The insurance companies’ rate filings reflect recent amendments to the Insurance Act that will limit liability claims for minor personal injury to $2,500. The amendments would reduce, on average, auto insurance rates by as much as 13 percent as indicated by the insurance industry
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The Lincoln Insurance Agency decided to change for the better, they performed a complete SEO analysis prior to a redesign and improvement of their website. This will cause them to improve in the basic services they offer their clients. So, based on the analyst’s recommendations, the NTR designed an updated look, improved SEO and delivered functionality that collects user details for instance name, age, marital status, driving experience, car make, car model, etc. , analyzes the information and provides online insurance quote estimate; enabling the user to purchase the policy online.
Progressive Insurance is one of the leading low cost auto insurance providers in America. And just this May 1st, 2008, Progressive Insurance will enter the Massachusetts auto insurance market. Progressive claims to save 18% over the average Massachusetts auto insurance premium.
To educate residents on the new auto insurance system, they launched a new website which has a on-line (calculator) tool that will give MA residents an idea of how much they will pay for auto insurance under the new reform.
1. Bodily Injury Liability- this will pay the bodily injury and property damages you have caused others at the time you are driving your car.
2. Uninsured/ underinsured Motorist Bodily Injury- with this coverage you may be able to reimburse the expenses that may have cause you if you were hit by a hit-and-run driver, or any driver who is at fault and has no sufficient insurance to pay for the expenses.
3. Comprehensive- covers any damages to your car except by collision.
4. Personal Injury Protection- covers medical and hospital expenses, wages lost and funeral cost but only to a limited amount which is defined and indicated in the policy.
5. Death, Dismemberment and Loss of Sight- will pay for the death and or injuries incurred to anybody whom you have named in the policy.
